Borissov-Linked Company Seeks to Acquire Gazprom Stations in Bulgaria?
According to the opposition political party "Revival", Gazprom is in the process of selling its network of gas stations in Bulgaria
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Russian energy giant Gazprom provided a record share of 29.9% of gas supplies to the European and Turkish markets in 2013.
Gazprom broke a record set in 2011 of 150 billion cubic meters of gas, or a share of 27%, according to reports of Interfax, as cited by dnevnik.bg.
The data is provided in a prospectus published due to a new Eurobond issue by Gazprom.
The document cites an official evaluation of Gazprom of the European gas market in 2013, which amounted to 451 bcm, of which Gazprom supplied 161.5 bcm.
Gazprom's expansion took place against the backdrop of a reduction of consumption in Europe by 1% (or 5.7 bcm), a contraction in the production of natural gas in Europe by 1.4% and the withdrawal of most of Gazprom's major competitors.
On December 18, 2013 Gazprom set a new record of gas supplies per 24 hours, at 560.2 million cubic meters, beating a score of 550.1 million cubic meters set a year earlier, on December 17, 2012.
According to the prospectus, Gazprom achieved its goals for 2013 and expanded export by 16% year on year.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
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Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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